Accident Insurance

What You Need to Know About Accident Insurance
One form of insurance that can protect people and their families is accident insurance. However, many consumers are unclear as to what this kind of insurance is for and what it covers.

What Is It?

Accident insurance is purchased for the purpose of protecting an individual against the possibility that an accident may occur that results in injury or death. It can help pay for medical bills and other out of pocket expenses incurred by the injured or his or her beneficiaries.

This kind of insurance can be bought on its own or bundled together with other insurance policies. Many employers provide this kind of coverage to their employees as a benefit to help guard against the possibility of workplace accidents. Accident coverage that is used to protect employees from workplace accidents is often provided in the form of group insurance.

Kinds of Coverage

One of the most common forms of this kind of insurance is known as accidental death and dismemberment coverage. This kind of coverage typically only pays out if the accident in question results in either death or the significant loss of body parts. This includes the loss of limbs as well as blindness.

However, there are many other forms of accident coverage as well. This can include coverage for injuries such as broken bones, fractures, dislocated limbs, concussions, lacerations and burns.


If the policy’s premiums are paid on time and all other criteria are met, a policy will begin paying out benefits after a successful claim is made. In terms of accident coverage, this is often used for paying medical bills. Things accident coverage often pays for include ambulance calls, emergency room stays, intensive care treatment and surgery.

Accidents usually require immediate care and treatment. This of course results in immediate expense, and can aid in that moment. Without coverage, a person and their family could be placed into financial jeopardy. This is also the case for accidents that result in death. Benefits are often used to pay for the funeral, final expenses or other financial hardships brought on by the loss of a family member.